SEC Charges 17 Individuals in $300 Million Crypto Asset Ponzi Scheme Targeting the Latino Community
March 16, 2024
March 16, 2024
WASHINGTON, March 16 -- The Securities and Exchange Commission issued the following news release on March 14, 2024:
The Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, Texas-based CryptoFX LLC and targeted more than 40,000 predominantly Latino investors in the U.S. and two other countries. Today's complaint follows the SEC's successful emergency action in September 2022 that halted the CryptoFX sch . . .
The Securities and Exchange Commission today charged 17 individuals for their roles in a $300 million Ponzi scheme that involved Houston, Texas-based CryptoFX LLC and targeted more than 40,000 predominantly Latino investors in the U.S. and two other countries. Today's complaint follows the SEC's successful emergency action in September 2022 that halted the CryptoFX sch . . .